Published 16 April 2010
Commerce Minister Simon Power said Securities Commission member David Jackson resigned immediately after it was announced civil proceedings were to be filed against him in his role as a director of Nuplex Industries Ltd.
The Securities Commission said on Tuesday it was filing civil proceedings against the company, 5 current directors & one former director for breach of its continuous-disclosure obligations for 2 months just over a year ago. It’s the first continuous-disclosure case the commission has brought.
Mr Jackson was appointed to the commission in June 2005.
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Attribution: Ministerial release, story written by Bob Dey for the Bob Dey Property Report.